APC FY 2018 Earnings Report — ARKO Petroleum Corp. Class A Common Stock Revenue & Financial Results | Market Cap Arena

ARKO Petroleum Corp. Class A Common StockAPC

FY 2018 Earnings

Reported February 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$13.4B	—	$11.9B	—	12.4%
Op. Income	$2.6B	—	-$672M	—	489.7%
Gross Margin	92.2%	—	100.0%	—	-7.8pp
Net Margin	4.6%	—	-3.8%	—	8.4pp
EPS (Diluted)	$1.22	—	$-0.83	—	247.0%
Free Cash Flow	-$254M	—	-$1.0B	—	75.1%

Revenue Flow

Item	Amount
REVENUE	$13.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$12.3B
R&D Expenses	$459M
Selling & Marketing	$1.6B
General & Administrative	-$504M
SG&A Expenses	$1.1B
Other Expenses	$1.2B
Operating Expenses	$2.8B
Cost & Expenses	$10.8B
OPERATING INCOME	$2.6B
Interest Income	$0
Interest Expense	$947M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$733M
Net Income from Continuing Ops	$615M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$615M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$615M
D&A	$4.3B
EBIT	$2.4B
EBITDA	$6.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$13.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$12.3B
R&D Expenses	$459M
Selling & Marketing	$1.6B
General & Administrative	-$504M
SG&A Expenses	$1.1B
Other Expenses	$1.2B
Operating Expenses	$2.8B
Cost & Expenses	$10.8B
OPERATING INCOME	$2.6B
Interest Income	$0
Interest Expense	$947M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$733M
Net Income from Continuing Ops	$615M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$615M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$615M
D&A	$4.3B
EBIT	$2.4B
EBITDA	$6.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$615M
Depreciation & Amortization	$4.3B
Stock-Based Compensation	$188M
Deferred Income Tax	-$125M
Other Non-Cash Items	$4.7B
Change in Working Capital	-$3.7B
OPERATING CASH FLOW	$5.9B
Capital Expenditure	-$6.2B
Acquisitions (Net)	$0
Purchases of Investments	-$2.7B
Sales/Maturities of Investments	$0
Other Investing Activities	$2.9B
NET CASH FROM INVESTING	-$6.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$2.7B
Common Dividends Paid	-$528M
Other Financing Activities	-$2.6B
NET CASH FROM FINANCING	-$3.2B
FREE CASH FLOW	-$254M
Net Change in Cash	-$3.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$28.6B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$34M
Other Non-Current Assets	$7.9B
TOTAL NON-CURRENT ASSETS	$36.6B
TOTAL ASSETS	$40.4B
Account Payables	$2.0B
Short-Term Debt	$947M
Deferred Revenue	$31M
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$15.5B
Deferred Revenue NC	$119M
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$22.0B
TOTAL LIABILITIES	$31.9B
Common Stock	$57M
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$335M
Other Equity	$7.5B
TOTAL STOCKHOLDERS' EQUITY	$8.5B
Minority Interest	$0
TOTAL EQUITY	$8.5B
TOTAL LIABILITIES & EQUITY	$40.4B
Total Debt	$16.4B
Net Debt	$15.1B